MISSISSIPPI LEGISLATURE
2014 Regular Session
To: Local and Private Legislation
By: Representative Mayo
AN ACT TO AUTHORIZE THE GOVERNING AUTHORITIES OF THE CITY OF OXFORD, MISSISSIPPI, TO CONTRIBUTE ANNUALLY TO THE OXFORD-LAFAYETTE COUNTY ECONOMIC DEVELOPMENT FOUNDATION FOR THE NEXT THREE MUNICIPAL FISCAL YEARS; AND FOR RELATED PURPOSES.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MISSISSIPPI:
SECTION 1. (1) The governing authorities of the City of Oxford, Mississippi, may contribute annually to the Oxford-Lafayette County Economic Development Foundation, out of any available funds, an amount not to exceed Seventy-five Thousand Dollars ($75,000.00) in each of the following fiscals years:
(a) The fiscal year ending September 30, 2015;
(b) The fiscal year ending September 30, 2016;
(c) The fiscal year ending September 30, 2017; and
(d) The fiscal year ending September 30, 2018.
(2) This section shall not prohibit contributions by the City of Oxford to the Oxford-Lafayette County Economic Development Foundation under any other law or authorization already in effect.
SECTION 2. This act shall take effect and be in force from and after its passage.